first_img JOHN CRIDLAND | CBI“It is disappointing that the RMT and TSSA have decided to go ahead with this strike, which will disrupt London at work. It will cause misery and disruption to the general public and to employers.”COLIN STANBRIDGE | LCCI“Londoners will still struggle in to work, aided by the additional transport laid on by the mayor. However, the world’s leading business centre will suffer.”PHILIP HAMMOND | TRANSPORT SECRETARY“A tube strike would be bad for passengers, bad for business and bad for London. At a time when public finances are under pressure any strike by tube workers will be seriously damaging – undermining the case we are making within the spending review for continued investment in the Tube.” More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years whatsapp CITY VIEWS: WHAT DO YOU THINK ABOUT THE TUBE STRIKE? KCS-content Share whatsapp Monday 6 September 2010 8:38 pm Show Comments ▼ Tags: NULLlast_img read more

Two cheers for Basel banking rules

first_imgSunday 12 September 2010 11:38 pm Two cheers for Basel banking rules Share HAD the financial system held more capital two years ago, the world today would look very different. Most big firms would have coped; there may even have been no bailouts. It had become the received wisdom among regulators, firms and academics – all users of fancy models – that banks could operate on razor thin-reserves; how wrong they were. So the “Basel III” reforms make sense, in part at least. Banks will have to hold high-quality capital — “core Tier 1 capital,” equity or retained earnings — equivalent to 7 per cent of risk-bearing assets. Banks will have five to nine years to implement this. They will also have to take greater account and put cash aside against credit exposures, which is good.Liquidity rules are being introduced – though it remains to be seen whether holding government bonds and “high quality” corporates is a panacea in an era of faulty credit ratings and sovereign crises. And one proposal floated yesterday makes no sense: the idea that an extra 2.5 per cent would have to be put aside at the height of a boom to help counter the cycle – the twenty or so countries signing up to Basel will never be able to agree when to act. And what if everybody gets it wrong together? More work is still needed.ON EGGS AND BASKETSSHAKESPEARE, the Talmud, the Bible and modern mathematical financial theory have one thing in common: they all advocate the benefits of diversification. The Merchant of Venice put it best in 1596:My ventures are not in one bottom trusted, Nor to one place; nor is my whole estateUpon the fortune of this present year: Therefore, my merchandise makes me not sad.Not putting all of one’s eggs in one basket is the central tenet of prudent financial management – it inspired strategies pursued successfully in recent years by hedge funds and other investors, as well as many of the analytical models used to gauge risk.The trouble is that diversification only works if assets perform differently: for example, if UK housing does badly when Asian stocks do well or if gold tends to rise in value when the FTSE goes down. But when everything starts to move in lock-step – and all assets fall and rise at the same time – then we are in trouble. Returns collapse and panic sets in – remember, at the height of the credit crunch, when even cash in bank accounts suddenly seemed extremely risky?Correlations between asset classes are on a long term upward trend which reflects the internationalisation of financial markets and improvements in information technology, an excellent analysis from HSBC’s foreign exchange team confirms. There is little chance that correlations will fall back to the levels of the mid-2000s. Correlations tend to go up during crises – and they really shot up this time around – and tend to go down when growth is stronger, but the trend is nevertheless upwards. In the past, high correlations were associated with intense volatility; but correlations have stayed high in recent months despite lower volatility. Eventually, when economies recover, different countries will begin to pursue different policies at different times and assets will no longer be as correlated as they have been over the past couple of years. There will be no going back to the good old days, however – we are all going to have adjust to the more limited power of [email protected] whatsappcenter_img KCS-content Show Comments ▼ whatsapp Tags: NULLlast_img read more

iPad chemical firm plans to float in London

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today AZ Electronic Materials is planning to list in London, the Financial Times reports this morning. The chemical company that provides materials for flat panel displays such as the iPad could be one of the biggest flotations in the City this year. AZ is owned by private equity groups Carlyle and Vestar Capital Partners, and makes 70 per cent of its revenues in Asia, the base for many techonology manufacturers. The firm’s finance director is based in London, and the owners hope to tap into a glut of City investors with knowledge of specialty chemicals.UBS, Goldman Sachs and Deutsche Bank are said to be managing the initial public offering. AZ Electronic could not be reached for comment last night. More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child iPad chemical firm plans to float in London whatsapp KCS-content Show Comments ▼center_img whatsapp Share Tags: NULL Thursday 30 September 2010 11:12 pmlast_img read more

My best UK share to buy this September (and some I would avoid this autumn)

first_imgMy best UK share to buy this September (and some I would avoid this autumn) James J. McCombie | Monday, 31st August, 2020 | More on: MNDI Our 6 ‘Best Buys Now’ Shares Picking the best UK share to buy in September is a challenge. Markets imploded in March, and now are running wild even as economies enter recession and the coronavirus still plagues us. Some stocks are continue to lag behind, and these are the ones that I think could have value.However, some will be value traps. Like many of my colleagues, I am not confident in the prospects for the leisure travel industry. Despite cheap-looking valuations, I will be not be buying shares in the likes of Carnival and TUI in September. I am not convinced the cruise industry will ever recover in full. Travel restrictions are being phased in and out, and there is still a reluctance to travel at all, making things difficult for a package holiday and travel agent outfit.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But there is value to be found out there. I have picked Mondi (LSE: MNDI) as my best UK share to buy this September.A UK share for September Few gold miners strike gold, so in a gold rush, you want to be the one selling the picks and shovels. In the e-commerce boom, it’s not tools but packaging that is demanded by all order-online-for-delivery businesses and not just the eventual winners. Buying shares in Mondi this September looks like a classic picks and shovels trade for the modern era.Mondi makes paper and packaging. I grant you this is not an exciting stock, as some of the online businesses no doubt are. But, Mondi has managed to creep its revenues higher from €6,819m in 2015 to €7,268 in 2019. At the same time, net income has gone from €600m to €812m. This is a consistently profitable company that should be getting a boost as the trend to ordering online continues. Timberland has always been an inviting investment for me. You get capital gains from the land and income from felling the trees and selling them. If prices are low, trees can be left standing, and they keep on growing by about 5% a year. In addition, you also get risk diversification against unexpected inflation because it should drive up the price of lumber and land. Buying acres of prime woodland costs a fortune making a direct investment difficult. But Mondi manages forests to feed its operations, and so its shares offer indirect exposure to timberland, which I like.Paper profitMondi did suspend its dividend as the coronavirus crisis intensified, but it has recently given shareholders a special dividend. The total dividend payment of €0.57 for this year is covered more than three times by earnings, so it looks safe. In pence, the dividend is around 50 per share, which at the moment cost 1,488p. The dividend yield on a trailing 12-month basis is about 3.4%, which is not bad. Mondi’s share price did fall in March’s market crash and had not yet recovered in full. This helps the yield. It also keeps the trailing price-to-earnings ratio below 12.Add in a strong balance sheet with debt under control and good liquidity and Mondi looks like a great value share to buy in September. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. James J. McCombie has no position in any of the shares mentioned. The Motley Fool UK has recommended Carnival. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by James J. McCombielast_img read more

Government makes £10m available to community projects for green initiatives

first_img“It will take all corners of the country and sections of society to help us to tackle climate change on our path to becoming a net zero emissions economy and communities are at the heart of our mission for a greener planet.“This £10 million fund can help sports clubs, churches and schools not only save money and reduce emissions by creating their own clean energy but also make money by selling it back to the grid.”  372 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis12 Government makes £10m available to community projects for green initiatives Tagged with: environment Funding New community projects across England can now apply for feasibility grants of up to £40,000 for green initiatives, including solar battery storage, wind, hydro and geothermal heat projects.Viable proposals will also be considered for further grants of up to £100,000 for business development and planning applications.£10 million is available in total, from the Rural Community Energy Fund (RCEF), which is jointly funded by the Department for Environment, Food and Rural Affairs (Defra) and the Department for Business, Energy & Industrial Strategy (BEIS). Through it, the government hopes to increase energy self-sufficiency in rural communities and boost jobs in green technology.The RCEF has already supported 152 community renewable energy projects in rural areas helping generate around 105,000 kW of electricity as well as thousands of pounds for communities through to selling electricity back to the grid.In Wiltshire, RCEF funding has helped not-for profit Salisbury Community Energy develop renewable energy projects at 8 sites across the city, including: exploring the possibility of installing solar panels on the roof of the cloisters of Salisbury cathedral (pictured) and a feasibility study into a hydro project at the Mill in the Maltings.Alison Craig, Development Manager at Salisbury Community Energy, said:“Climate change is going to hit us all hard. The flood risk to Salisbury has, according to the most recent Environment Agency data, risen significantly. This makes the move towards making Salisbury zero carbon all the more important. These grants have enabled us to take the crucial first steps in creating green community assets for our historic city.”The RCEF funding will be managed by five Local Energy Hubs around England, is designed to catapult rural areas into the ‘clean growth’ revolution, helping people living outside urban areas benefit from the income-generating potential of renewable energy.Energy and Clean Growth Minister Chris Skidmore, said: Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis12  371 total views,  2 views today Melanie May | 19 June 2019 | News About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via read more

Call for release of two TV journalists held in Hebron

first_img RSF asks ICC prosecutor to say whether Israeli airstrikes on media in Gaza constitute war crimes Receive email alerts News Follow the news on Palestine November 22, 2007 – Updated on January 20, 2016 Call for release of two TV journalists held in Hebron News PalestineMiddle East – North Africa to go further News WhatsApp blocks accounts of at least seven Gaza Strip journalists Reporters Without Borders called today for the release of Al-Aqsa TV reporter Alaa Al-Titi and cameraman Ossayd Amarneh, held on unknown charges since 5 November in the West Bank city of Hebron (30 km south of Jerusalem). The organisation is also concerned about death threats received in Gaza by Imad Eid, the head of the Ma’an news agency.“The situation of journalists continues to worsen in the Palestinian Territories,” Reporters Without Borders said. “Both Hamas and Fatah ride roughshod over press freedom and arrest journalists without any justification. How can they work safely in these conditions? We appeal to Mahmoud Abbas and Ismael Haniyeh to act wisely and to call the different Palestinian security services to order.”No charges were presented against Titi and Amarneh when they appeared before a judge in Hebron (Al-Khalil in Arabic) on 20 November. Their families refused to pay the requested bail of 12,000 shekels (2,000 euros), accusing the authorities of “extortion.” The two journalists, whose station is affiliated to the Islamist party Hamas, were arrested on 5 November after interviewing the relatives of a Hamas parliamentarian held by the Israeli army.Mou’taz Al-Kurdi, the head of the TV station Al-Amal, was meanwhile released on 10 November, the day after his arrest in Hebron by security forces controlled by Palestinian President Mahmoud Abbas.The death threats against Eid, who is the Gaza Strip correspondent of the Lebanese TV station Al-Manar as well as head of the Ma’an news agency, were made by an unidentified person who called his mobile phone on 15 November and referred to the fact that he was a journalist. Eid told Reporters Without Borders he reported the threat to the police. “I told them I am in fear of life, especially in view of the recent abuses against many of my fellow journalists in the Gaza Strip,” he said.On the same subject:28.12.2006 – Palestinian journalists caught in the Gaza crossfire27.07.2007 – Media diversity in danger in Gaza Strip and West Bank9.11.2007 – A third pro-Hamas journalist arrested in the West Bankcenter_img RSF_en Help by sharing this information Israel now holding 13 Palestinian journalists News June 3, 2021 Find out more May 28, 2021 Find out more PalestineMiddle East – North Africa Organisation May 16, 2021 Find out morelast_img read more

Second yellow status wind warning issued for Donegal

first_img Arranmore progress and potential flagged as population grows Important message for people attending LUH’s INR clinic Pinterest Publicans in Republic watching closely as North reopens further Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest RELATED ARTICLESMORE FROM AUTHOR A second status yellow wind warning has been issued.Strong gusts will begin to affect Donegal, Galway and Mayo from 1 o’clock tomorrow morning, and last until 8 o’clock in the night.Meanwhile, a yellow wind alert for the rest of Connacht, most of Leinster and Cavan and Monaghan will become valid from 6am.It will also last until 8 o’clock tomorrow night. Facebook Homepage BannerNews Facebookcenter_img Google+ WhatsApp WhatsApp Second yellow status wind warning issued for Donegal Twitter Community Enhancement Programme open for applications Previous articleVisiting restrictions remain in place at LUH as 23 people admitted with fluNext articleDrumbeigh – Inver Road Scheme progressing News Highland Nine til Noon Show – Listen back to Monday’s Programme By News Highland – January 6, 2020 Google+last_img read more

New York-bound Hawaiian Airlines flight makes emergency landing in San Francisco after longtime flight attendant dies

first_imgiStock/Bogdan Khmelnytskyi(NEW YORK) — A Hawaiian Airlines plane from Honolulu to New York was diverted to San Francisco after a flight attendant died on board, the airline announced on Friday.Emile Griffith, who was “a member of our flight attendant ‘ohana’ [family] for over 31 years,” passed away “while working on our flight between Honolulu and New York last night,” the airline’s senior vice president of corporate communications, Ann Botticelli, wrote in a statement.“We are forever grateful for Emile’s colleagues and good samaritans on board who stayed by his side and provided extensive medical help. Emile both loved and treasured his job at Hawaiian and always shared that with our guests. Our hearts are with Emile’s family, friends and all those fortunate to have known him,” Botticelli wrote. The New York-bound flight, which had 253 passengers and 12 crewmembers, departed Honolulu’s Daniel K. Inouye International Airport on Thursday afternoon. It was headed to John F. Kennedy International Airport.“The flight diverted to San Francisco International Airport (SFO), where it landed shortly after 11 p.m. local time. We sincerely appreciate our guests’ patience and understanding while our agents and crew worked with medical personnel upon arrival at SFO,” Botticelli added.Hawaiian said all guests were rebooked and will be compensated. The airline also said counseling was available to its employees.Passenger Andrea Bartz, a thriller writer who was traveling to New York, tweeted about the incident.“It’s been a long time since they asked for doctors to come to first class so I hope they’re okay. First time I’ve ever had a flight diverted, somehow. Waiting for medics to board now,” she wrote. “Btw if you’re ever going to have a medical emergency in the air, this is the flight to do it on. So many doctors came forward they had to make a second announcement like “never mind, all set!!” she continued. It seems as though fliers were left somewhat in the dark as the crew attended to Griffith.“There are cops, too, and no one’s moving with any urgency and they just had an elderly man with a yarmulke come up to the front. Did someone die?” Bartz wrote. The San Francisco Medical Examiner’s office was not immediately available to provide a cause of death. Representatives for SFO referred ABC News to Hawaiian. The flight attendants’ union, the Association of Flight Attendants-CWA, declined to comment on the frequency of inflight deaths.“We’re incredibly saddened by the loss of our dear flying partner,” the union wrote in an emailed statement to ABC News. “We offer our love and support to the Flight Attendant’s family and crew. We will do everything we can to support them in this challenging time.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Tenant bargaining power grows

first_imgHome » News » Agencies & People » Tenant bargaining power grows previous nextAgencies & PeopleTenant bargaining power growsOnly 76% of landlords achieve their asking rent, according to the National Landlords Association.PROPERTYdrum10th March 20150603 Views New figures from the National Landlords Association (NLA) show that tenants are securing a larger proportion of private rented homes in the UK at below, rather than above, advertised rents.The data shows that 16 per cent of private rented homes are let to tenants at below advertised rents, with eight per cent of homes being let to tenants at above the asking price. Three quarters (76 per cent) of private rented homes are let to tenants at the advertised rent.The difference means that tenants in the UK are benefitting from a net proportion of 8 per cent – or an estimated 320,000 – homes let at below advertised rents.The NLA’s analysis found that more than a quarter of new tenancies in central London (27 per cent) are agreed at lower than advertised rents, with the North East and outer London close behind (both 22 per cent).However, just nine per cent of properties in the East Midlands are let to tenants below the asking price. Yorkshire and the Humber and the South West are close behind on 11 per cent.At the other end of the scale, more tenancies in outer London are agreed above the advertised rent (12 per cent) than in any other part of the UK. In contrast, just four per cent of properties in the East of England are let to tenants above asking price.Carolyn Uphill (left), Chairman at the NLA, said, “It’s not always easy when looking for a home and renters can feel pressured or panicked into making an offer on a new rented property.“But what these figures show is that the market determines the appropriate price, and that savvy tenants can be rewarded with lower rents if they are confident enough ask the question.“Landlords don’t just hike up rents for no reason and while the majority achieves the rent they initially ask for, a large proportion will accept a reduction in order to find the right tenant.“And this isn’t just the case in areas of low demand; good landlords will always opt for the right tenant even if it means taking a lower rent, as it’s more likely to result in a sustainable longer-term tenancy which is beneficial for everyone.”Meanwhile in Mayfair…Just slightly larger than a bathroom or walk-in cupboard, a 301 sqft one bedroom flat (pictured) on Pollen Street in London’s Mayfair let within just 40 minutes of going on the market, in a lightening-fast deal that has set a new speed record in the London rental market.Placed on the market first thing in the morning, the flat was available to let through Mayfair agent E J Harris for £1,560 per month. The tenant, who needed a home close to work, paid over £10,000 up front to secure the property, a cost that covered the deposit, a six month tenure and lettings fees, moving in that same afternoon.Best described as “compact and bijou”, the apartment went onto the E J Harris lettings website with details also e-mailed out to the firm’s applicant database. Within just 15 minutes of this the firm had over 200 email and telephone enquiries about the property, and within 30 minutes five serious offers. In just under 40 minutes the flat was let – with the winning tenant, an executive working in the hospitality industry in the West End handing over the deposit and six months rent upfront in order to close the deal.Elizabeth Harris, Managing Director of E J Harris said, “The speed of this deal and the battle to secure the tenancy is the clearest indicator yet to me how buoyant and hot London’s letting market is at present. The tenant has a highly successful career working in the hospitality industry in the West End and needed a home nearby, she was very firm about wanting to rent not buy. If it was a swanky flat in Mayfair’s posh Western district I would expect it to fly out of the door, but this is an “ordinary Londoner” apartment on the eastern Soho border by Regent Street. Its the ordinary nature of this that makes it so extraordinary.”Elizabeth continues: “I think the reason that standard lets are flying out the door at present is because a “perfect storm” of factors has come together to create a super-hot rentals market at present. Firstly the rapid recovery and strength of the London economy has helped to fuel the capital’s lettings market. Alongside this, the rise in Stamp Duty and uncertainty over an additional Mansion Tax in the lead up to the election, has generated a 30% increase in vendors looking to let rather than sell, and an additional wave of households choosing to let rather than purchase. This is what is causing a lettings frenzy in the Capital at the moment.”landlords private rented homes tenants bargaining power March 10, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021last_img read more

S. Korean, Ukrainian Warships Hold First Joint Anti-Piracy Exercise

first_img SOUTH KOREAN AND UKRAINIAN WARSHIPS IN THE GULF OF ADENThe South Korean Navy destroyer ROKS Choi Young has finished a joint exercise with the Ukrainian Navy frigate Hetman Sahaydachnyi in the Gulf of Aden. [mappress]Naval Today Staff, February 4, 2014; Image: Ukrainian Navy SPECIFICATIONS View post tag: piracy S. Korean, Ukrainian Warships Hold First Joint Anti-Piracy Exercise Status In active service Status In active service View post tag: News by topic ROKS CHOI YOUNG HETMAN SAHAYDACHNYI This was the first time in the history of the Ukrainian Navy to conduct an exercise with the South Korean Navy. The primary goal of the exercise was to ensure naval security and protection of civil navigation as well as building up defence cooperation between Ukraine and South Korea.The Korean Naval ship ROKS Choi Young met at sea over the past weekend with NATO’s counter-piracy task force (CTF-508) and flagship of the group, ESPS Alvaro De Bazan. The staffs of the ships exchanged information on counter-piracy operations in the region.SOUTH KOREAN AND UKRAINIAN WARSHIPS IN THE GULF OF ADENThe Korean naval ship joined the Combined Task Force 151 (CTF 151) in October last year to disrupt piracy and armed robbery at sea.CTF-151 is a multinational naval task force, which was established on January 12, 2009 with a goal to respond to piracy attacks in the Gulf of Aden and coast of Somalia.Hetman Sahaydachni has recently completed the second patrolling through the Gulf of Aden within European Union Naval Force Operation Atalanta. She is currently located at the Salalah port, Oman for logistic support, replenishment and maintenance. Complement 200 men Complement 180 men Length 150 mLength 123 m Displacement 4,400 t (4,300 long tons) standard 5,520 t (5,430 long tons) full load Displacement 3,100 long tons (3,150 t) standard 3,510 long tons (3,566 t) full load View post tag: first Share this article Range 10.200km (5.500 nmi) Range 3,500 nmi (6,500 km; 4,000 mi) at 14 kn (26 km/h; 16 mph)900 nmi (1,700 km; 1,000 mi) at 30 kn (56 km/h; 35 mph) Beam17.4 mBeam14.2 m View post tag: Ukrainian View post tag: Navy View post tag: Korean Draft 9.5 mDraft 4.7 m View post tag: Exercise Training & Education View post tag: Warships Back to overview,Home naval-today S. Korean, Ukrainian Warships Hold First Joint Anti-Piracy Exercise February 4, 2014 View post tag: Joint View post tag: Defence Speed 30 knots (56 km/h; 35mph) Speed 32 knots (59 km/h; 37 mph) View post tag: S View post tag: Anti View post tag: hold View post tag: Defense View post tag: Navallast_img read more